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submitted 7 months ago* (last edited 7 months ago) by return2ozma@lemmy.world to c/news@lemmy.world
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[-] Cuttlefish1111@lemmy.world 58 points 7 months ago

How does someone come up with the value? Reddit has 300 million users and worth 6 billion, truth has 3 million and worth 3 billion?? Doesn’t make sense

[-] Icalasari@fedia.io 62 points 7 months ago

One of the things Trump got charges for IS overinflating value of what he owns

[-] Cuttlefish1111@lemmy.world 25 points 7 months ago* (last edited 7 months ago)

Oh I thought there was a scientific method which calculates the value using concrete, verifiable metrics... I didn’t realize it was created out of thin air. Seems perfect for money laundering.

[-] TropicalDingdong@lemmy.world 31 points 7 months ago

This is something to learn. All value is created out of thin air.

Or another way of putting this, is that a price only exists when someone is willing to pay it.

[-] TenderfootGungi@lemmy.world 9 points 7 months ago

Theoretically it is the present value of future profits. Way overinflated.

[-] stoly@lemmy.world 4 points 7 months ago

Ostensibly there are methodologies to do this properly but really you can say whatever you want.

[-] tsonfeir@lemm.ee 48 points 7 months ago

Corruption. The stock market is a scam

[-] Eldritch@lemmy.world 23 points 7 months ago* (last edited 7 months ago)

The stock market is pure speculation and hype. There's no science or method to it. It's straight up gambling. Some people are better at it than others. But it's still gambling. Not to mention, I'm sure there are some foreign interests involved helping to push it.

[-] themadcodger@kbin.earth 4 points 7 months ago

So the original cryptocurrency?

[-] Eldritch@lemmy.world 9 points 7 months ago

Initially no. But post Friedman and Reagan, absolutely.

[-] BrokenGlepnir@lemmy.world 6 points 7 months ago

Well think of the qualities of the users. One platform filled with chaotic contrarians, the other with people who will do anything you tell them to including rising up against the government.

this post was submitted on 22 Mar 2024
96 points (90.7% liked)

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